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7521 N Gloucester Ave, Portland, OR 97203

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For Sale

$820,000

3,892 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $210.69
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Charming Farmhouse Triplex in the Heart of North Portland Fully Leased with 5% Cap Rate and Upside Potential. Welcome to this beautifully maintained former farmhouse, now a thoughtfully converted triplex, nestled in the vibrant Peninsula neighborhood. This income-producing property blends vintage charm with modern upgrades. Opportunities for increased cash flow or re-development into a higher density building. All 3 units have received updates in the last 10 years, have access to storage in the basement, a coin-operated laundry for additional income, shared backyard + deck, and front porches. The lot abuts a parking lot, of which 6 x 50 belongs to the property for potential on-site parking (driveway easement agreement needed) Unit 1: A warm and inviting 1-bedroom featuring original hardwood floors, working wood-fireplace, and a stylish 2015 update with new countertops and a refreshed bathroom. Unit 2: A quaint 2-bedroom with hardwood floors, a large kitchen, built-ins, and a recently remodeled bathroom and kitchen. Features classic penny tile a, clawfoot tub, and original hardware Unit 3: Spanning the entire upper floor, this bright 2-bedroom unit includes new carpeting, and newly added air conditioning / furnace, a refreshed kitchen with marmoleum flooring, and a generous bonus room perfect for a playroom or large walk-in closet. Located less than a mile from Arbor Lodge s New Seasons Market, and just two miles to both the Kenton and St. Johns commercial districts. A few short blocks to University of Portland, this property is perfectly positioned for walkability and long-term desirability. Served by the 75 and 35 Bus-lines, with lots of nearby shops and restaurants on Lombard Avenue. Zoned CM2 (Commercial Mixed Use 2) flexible for a variety of future uses into higher density apartments 0 Whether you re a seasoned investor or a visionary homebuyer, this one-of-a-kind triplex offers with shops, parks and activities. Don t miss this exceptional investm
MLS# 232296525

Courtesy Of Living Room Realty

(503) 719-5588

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Heating System
    Forced Air
  • Lot Size
    0.1 Acres

Map and Directions

Directions to 7521 N Gloucester Ave, Portland, OR 97203

Home seller CENTURY 21 North Homes Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 North Homes Realty

(503) 652-2260
Learn More About Us

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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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